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Tax Inversion Deals: Washington Blames Wall Street for Its Mess
Democrats and Republicans alike are unhappy about the increasing number of so-called tax inversion deals - a merger between a U.S and a foreign company specifically designed to allow the U.S. company to escape America's high corporate tax rate.
Over the past 10 years about 50 U.S. companies have done it, costing the U.S. billions in lost taxes.
Democrats and Republicans alike are unhappy about the increasing number of so-called tax inversion deals - a merger between a U.S and a foreign company specifically designed to allow the U.S. company to escape America's high corporate tax rate.
Over the past 10 years about 50 U.S. companies have done it, costing the U.S. billions in lost taxes.